Budget hotels enter the market

May 15, 2019- Expected opening of a four-star property located close to the Jeddah Corniche in 2021.

More investment but it is not all about 5 star luxury in the Middle East hotel industry. A management agreement has been signed between Sheikh Sultan Al Harthi and Shaza hotels, a member of the Global Hotel Alliance, to operate Mysk Jeddah – the Mysk brand’s first property in Saudi Arabia.

Sheikh Sultan Al Harthi said, “To support the tourism initiatives for Saudi Vision 2030, we have decided to enter the tourism sector, and we are developing an upscale hotel in a prime location in Jeddah Province. We have chosen Shaza Hotels to operate it under the Mysk by Shaza brand as we were keen on bringing a new and fresh brand to the Saudi market.

Mysk Jeddah is the brand’s seventh property, the first being Mysk by Shaza Al Mouj in Muscat, and the next hotels to open are three Mysk retreats that are part of the Sharjah Collection, which is owned by the Sharjah Investment and Development Authority (Shurooq) and is a new hotel concept with properties located throughout one of the leading luxury destinations in the Arab world.

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